Gross National Income — Value Standard Local Currency, annual growth in Panama
Panama: Gross National Income — Value Standard Local Currency, annual growth was 8.96 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency, annual growth in Panama, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross national income — value standard local currency, annual growth in Panama is 8.96 % change on previous year, measured in 2023.
Compared with earlier readings it is down 33.7% on the previous year and down 34.5% over ten years.
Over the whole period, gross national income — value standard local currency, annual growth in Panama peaked at 28.21 % change on previous year in 1980 and was at its lowest, -21.19 % change on previous year, in 1988.
Panama ranks 109th of 231 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value Standard Local Currency, annual growth in Panama, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 12.86 % change on previous year | — |
| 1972 | 9.94 % change on previous year | -22.7% |
| 1973 | 14.17 % change on previous year | +42.6% |
| 1974 | 13.59 % change on previous year | -4.1% |
| 1975 | 14.6 % change on previous year | +7.4% |
| 1976 | 4.3 % change on previous year | -70.6% |
| 1977 | 5.8 % change on previous year | +35.0% |
| 1978 | 19.43 % change on previous year | +234.7% |
| 1979 | 12.92 % change on previous year | -33.5% |
| 1980 | 28.21 % change on previous year | +118.4% |
| 1981 | 23.43 % change on previous year | -16.9% |
| 1982 | 2.8 % change on previous year | -88.0% |
| 1983 | 5.92 % change on previous year | +111.0% |
| 1984 | 3.04 % change on previous year | -48.6% |
| 1985 | 11.88 % change on previous year | +290.5% |
| 1986 | -0.2904 % change on previous year | -102.4% |
| 1987 | 26.05 % change on previous year | -9068.2% |
| 1988 | -21.19 % change on previous year | -181.4% |
| 1989 | -3.67 % change on previous year | -82.7% |
| 1990 | 9.29 % change on previous year | -353.4% |
| 1991 | 6.93 % change on previous year | -25.3% |
| 1992 | 15.26 % change on previous year | +120.0% |
| 1993 | 11.62 % change on previous year | -23.8% |
| 1994 | 7.92 % change on previous year | -31.9% |
| 1995 | 0.3083 % change on previous year | -96.1% |
| 1996 | 4.09 % change on previous year | +1226.0% |
| 1997 | 6.99 % change on previous year | +70.9% |
| 1998 | 8.11 % change on previous year | +16.1% |
| 1999 | 3.48 % change on previous year | -57.1% |
| 2000 | 3.03 % change on previous year | -13.1% |
| 2001 | 1.07 % change on previous year | -64.6% |
| 2002 | 7.43 % change on previous year | +593.3% |
| 2003 | 2.19 % change on previous year | -70.5% |
| 2004 | 7.91 % change on previous year | +260.8% |
| 2005 | 8.66 % change on previous year | +9.4% |
| 2006 | 11.14 % change on previous year | +28.7% |
| 2007 | 24.91 % change on previous year | +123.6% |
| 2008 | 18.24 % change on previous year | -26.8% |
| 2009 | 8.75 % change on previous year | -52.0% |
| 2010 | 6.23 % change on previous year | -28.9% |
| 2011 | 21.29 % change on previous year | +241.9% |
| 2012 | 16.98 % change on previous year | -20.2% |
| 2013 | 13.69 % change on previous year | -19.4% |
| 2014 | 7.15 % change on previous year | -47.8% |
| 2015 | 8.7 % change on previous year | +21.8% |
| 2016 | 9.12 % change on previous year | +4.8% |
| 2017 | 9.07 % change on previous year | -0.5% |
| 2018 | 3.79 % change on previous year | -58.2% |
| 2019 | 5.82 % change on previous year | +53.5% |
| 2020 | -15.35 % change on previous year | -363.8% |
| 2021 | 14.13 % change on previous year | -192.1% |
| 2022 | 13.52 % change on previous year | -4.3% |
| 2023 | 8.96 % change on previous year | -33.7% |
Biggest year-on-year movements
Years where Gross National Income — Value Standard Local Currency, annual growth in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1987 | +9068.2% | -0.2904 % change on previous year | 26.05 % change on previous year |
| 1996 | +1226.0% | 0.3083 % change on previous year | 4.09 % change on previous year |
| 2002 | +593.3% | 1.07 % change on previous year | 7.43 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 11.96 % change on previous year | 4.3 % change on previous year | 19.43 % change on previous year | 9 |
| 1980s | 7.62 % change on previous year | -21.19 % change on previous year | 28.21 % change on previous year | 10 |
| 1990s | 7.4 % change on previous year | 0.3083 % change on previous year | 15.26 % change on previous year | 10 |
| 2000s | 9.33 % change on previous year | 1.07 % change on previous year | 24.91 % change on previous year | 10 |
| 2010s | 10.18 % change on previous year | 3.79 % change on previous year | 21.29 % change on previous year | 10 |
| 2020s | 5.32 % change on previous year | -15.35 % change on previous year | 14.13 % change on previous year | 4 |
Countries ranked near Panama
- 106 Senegal 9.07 % change on previous year compare
- 107 Andorra 9.04 % change on previous year compare
- 108 Portugal 9.02 % change on previous year compare
- 110 Ireland 8.93 % change on previous year compare
- 111 Uganda 8.88 % change on previous year compare
- 112 Djibouti 8.83 % change on previous year compare
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is gross national income — value standard local currency, annual growth in Panama?
- Gross national income — value standard local currency, annual growth in Panama was 8.96 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value standard local currency, annual growth recorded in Panama?
- The highest recorded value was 28.21 % change on previous year in 1980.
- What is the lowest gross national income — value standard local currency, annual growth recorded in Panama?
- The lowest recorded value was -21.19 % change on previous year in 1988.
- How does Panama rank for gross national income — value standard local currency, annual growth?
- Panama ranks 109th out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in Panama?
- Over the last ten years it is down 34.5%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Statizoid (derived), published as part of Gross National Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.